there's still no official deal in washington. six days away. utah governor joins us with how he is reopening federal parks in his state, even if it cost $160,000 per day to do that. ashley: and if you think the debt ceiling and government shut down a scary, check this out. swarms of jellyfish shutting down business. a new plan to kill them could really backfire. adam::you may just want to go into hiding. we will learn from a man who knows how to do that. software pioneer john mcafee and made headlines after escaping from authorities in billy's is now ready to help you how smart the nsa. first, some republicans wrapping of the meeting with president obama at the white house moments ago. live for us at the white house with the latest on the back and

forward. possibly reopening the government. >> boarding in just a couple of maps. already at the port ago. out here in the pouring rain and we will see if lightning strikes. sorry. cannot help myself. we do have some word on the house side that, perhapsg coulde deal. kevin brady, the republican co-chair of the joint economic committee telling fox news radio just in the last hour that he thinks that there could be a deal this weekend that everyone is working hard. a spokesman for the speaker says that they're trying to move forward with this 6-week increase in the debt ceiling, but that they are holding out for some kind of framework to deal with the long-term fiscal issues of the country,

particular entitlement programs. but one senator who is in there now says this morning that he really wants to see this all wrapped up. take a listen. >> we shuu down the government, a fool's errand that would not succeed. that is a fact. there are things that we could reach -- we could negotiate, tenement reforms, tax reforms, things that are achievable. defunding obamacare is now one of them. >> in the meantime the white house is keeping up the pressure on republicans, warning about what the consequences of a default might be. here is one of the presidents of prizes morning. >> if this takes place every year, increases the chance that there will eventually be one or more defaults or even the constant harm like we saw in

2011 to consumer confidence and equity markets and growth when we went to the very brink of default. >> as we watch the tea leaves we have learned that the house republicans plan to meet tomorrow at nine to discuss progress on trying to raise the debt ceiling and reopen the government. adam: peter barnes in washington. thank you. ashley: with lawmakers inching toward a deal now, the markets are moving on every word. we have full coverage of your trading action. meridian equity partners on the floor of the nyse-listed lead to phil flynn of the prize futures group in the pits of the cme. let me start with you. yesterday's huge rally to mars seem to be moving higher.ns and >> and this is all playing into the big plan. this big fear.

tremendous amount of pressure, now that both sides have decided that there could be a little inching either way markets are rebound in right back up toward where we were before. it people will be happy. but the few that this has happened and can happen probably will continue and is also what is important in this market. let's put washington the side. we have to continue with our everyday life. earnings season is coming up. we kicked it off with our power. that will help momentum in our market. it will be interesting to see how these companies were there forecast moving forward considering that everything going on in washington, and we will continue to get our normal economic calendar, but getting into this quarter has been money sitting on the sidelines waiting to get to work. hours at a meeting last my with the fund manager who thinks she might have missed his opportunity.

if the top that yesterday, he is definitely thinking that today, but it is coming back into the market. ashley: as so ooten happens, the last hour of trading could be pretty interesting. could we see a pretty similar rally today? >> especially because it is a friiay in people like to make sure they shore up their positions as we go into the weekend because anything can happen. we saw that movement toward the end of the day yesterday, and that think we will see that same movement today. adam: gary gait. quickly, do we get deal done by midweek? >> i think we should. we are starting to see that the light at the end of the tunnel is getting brighter and cooler heads prevailed. ashley: thank you for joining us. turning to the commodity markets. oil and gold falling sharply. what is the story? >> if you look at oil, the talk from the international energy agency's, they basically came out and said, if we go over the steps, economic turmoil, we will

have a two month supply, way oversupplied market. even without the economic turmoil, suppliers globally l looking good. opec production is exceeding demand. that has put a negative flow on the market. you cannot get rid of the government's tough because of oil was pushing down toward the lows. we rebounded when there was a report that in the the republicans have sometting of substance on the table and the white house is having talks behind the scenes. that was from the market. crude oil joined in the party and rallied strongly. gold, you know, a deal is bearish. if the republicans and the white house talked they get a budget deal done. no safe haven buying. the market goes down. it is a report earlier today, as the possibility thaa the u.s. treasury might even consider using gold.

the gold in fort knox to pay our payments if we go over the edge which caused a massive sell-off. of course, it even caused apologist -- pause in trading. want to say goodbye to eric carlson. i would never get on the air with that this guy. thank-you for all of your years of service. ashley: best of luck, as always. thank you so much. >> thank you, guys. adam: j.p. morgan and wells fargo kicked off of my next guest says could be the most daunting quarter for bank system began recovering from a financial crisis. joining me now, marty mosby, managing director of the nine partners. j.p. morgan posted its first quarterly loss since ceo. where do we began? the 23 billion in legal fees just in case with a drop in revenue? which will be more important to investors to you think? >> well, i think right now the important thing will be a legal fees because that is really where air are, trying to resolve

those overhanging issues that are weighing so heavily on the stock price. in the operations that they have to go through every day. after we get through that revenues will become much more important. we will resell with wells fargo and j.p. morgan is the 10 percent pullback on the revenue side of its money to be offset with expenses. adam: of want to talk about revenue. we will promptly see this play out. one last question. 23 billion isn't gigantic number. does anyone expect there would have to tap of 23 billion? i thought we were talking about 11 billion. >> we're talking a lot to different things. this quarter, we only had $9 billion worth of reserves set aside which was in line. twenty-three is what they have accumulated from regulatory litigation. that is what is on the balance sheet that has been accumulated since 2010. two different issues.

ashley: the revenue is down year-over-year. a lot of people pointing the finger at the lack of mortgage origination. is there a problem going forward? will we ever get back to the kind of mortgage revenue that we saw things to the federal reserve? >> is comes and goes directly. to say we cannot get back there would be misleading. with rates today we did see home purchase volume of. there are some positive signs. reactor that the correction that we are expecting this quarter. when you do is have catch up on the expense side of setting net impact. you have the negative from revenues, the positive from %-them the capacity to what you are originating now. ashley: i do have a question.

want to hit wells fargo. revenue dropped not nearly as large, but they let a third of the revenue to fund a third of the mortgage market in the united states. we saw from mortgage applications. that seems like a huge drop. d.c. that changing any time soon? >> no, we don't. given where the environment is refinance will stay at the level it is. we have servicing profitability. higher interest rates. you end up with some income. while they're is lag, there is benefit in expenses that you will see. adam: and very correctly command seems like they're doing a better job of managing expenses. reno that is layoffs, but other more on top of the game?

>> jamie is having to react to this question from the regulatory side which is forcing to -- for seem to have to invest in resources. they come back in record. wells fargo has not had to reinvest and what you call risk-management operations in the oversight. because of that they are not seeing the pushup. adam: very quickly, was a surprise is a more of the same? >> so we're seeing, presents a plot -- prez's surprises. release of reserves. charging half of what they were. we're not seeing a net reporting number. it is is not where the market would like to see the benefit. we think that is sustainable. some of those banks coming out of heavy losses on the credit side should surprise on the upside.

we see a couple of those coming here next week on a super regional site. >> says a the kind of surprises that we like. thank you very much. and a big win for toyota, and this has nothing to do with on a sales. the court ruling that an important bellwether for future sudden acceleration cases. some administration officers are down playing website pledges. anti virus finder on why he says obamacare is at hackers cannot say the next word on air dream. why knew plan to shed as backfired.

♪ ashley: a jury that found is a toyota not liable for the death of a woman gillen are camry accelerated in crash despite all our efforts to try and stop the vehicle. the ruling could impact future cases of toyota already facing. journalists he would the very latest. >> reporter: toyota has been cleared in a wrongful death

suit, a case that is being called a bellwether had a similar lawsuits. after five days of deliberation, jurors decided that total was now responsible for the 2009 accident that resulted in a horrifying crash average it does a six camry into a tree and its telephone pole and almost put the car in half. family was seeking 20 million in damages arguing that toyota could have prevented the crash by installing a break overwrite system. toyota responded to the verdict saying we believe this verdict said a significant benchmark by vehicles are safe with our without break override. although toyota is clear right now, the family will receive $10 million from another driver who ran a stop sign and hit her in the same accident. as for the future, this outcome adds to another victory over 2005 crash the driver blamed on the electronic fault system.

but they could also influence-or positively more than 80 similar lawsuits filed in similar state courtssincluding a case that began in oklahoma this week as a . ashley: interesting. how is time to head back to the new york stock keychains. the dow is near session highs. we were swinging back and forth, it seems like. >> reporter: we are seeing up arrows. we started off a negative territory. but today not too far off of the highs of the day with shows you that we are holding on to yesterday's momentum. a lot of the traders anticipated we would be of around the flat line. we gained around 320 points. the other thing that is worth noting is the fact that ever since the government shut down we are now seeing all of the major equity indices in positive territory says the government shut down. the dow is up about and a half%.

movers. the number one mover for the s&p 500, safeway, and that best category. fifty-two week high as it came out with some numbers. weak margins. they are. we are seeing their shares striving hire on heels of that. now also, this is the number 2s and p loser. technology on their earnings in the analysts have been looking at the perfect way. this stock is up over 200% in the last 52 weeks. the profit, the net profit which miss some of the expectations. you're seeing it down. but as i noted, what a great performer. i don't think anybody would be disappointed with that 220% return in 52 weeks. adam: they would not be. you are correct. fifteen minutes. we are watching shares of the gap as the stock is tumbling.

the biggest loser, as you can see, down today. the retailer, the latest company to report weak september sales. same-store sales dropping 3%. the worst performance in almost two years. of the company's brands posted declines from one year ago. starbucks is sending another strong message to washington. this deal is pushing customers and employees to sign a petition for congress to reopen the government, pay its debts, and pass a long-term budget. running ads with the come to get a petition in newspapers across the country. the company is planning on delivering the signed petitions to cover september 17th. this may be a surprise, 01 post office actually is making some money. it is is not ours. the market debut in london, and the stock soarrd nearly 40%.

high demand for the ipo. also raising questions of whether government actually undervalued the offering. the government is selling a 50% stake. this does nothing to do with washington's inability to reach a deal. we will explain. next, the td ameritrade with its plan to lower the twentysomething sent to the financial markets. ♪ 's a growi trend in business:

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>> it's 24 minutes past the hour , i'm arthel neville with your fox news minute. it's tough time reaching the winner of the peace prize. the committee tweeted the organization for the prohibition of chemical weapons. there team is on the ground and syria.

the zero pc w apparently did get the message posting its own tweeted of the award and celebrating the wind. secretary of state john perry in afghanistan for urgent security talks as president karzai is working to meet a deadline at the end of the month for a deal that will allow american troops to stay in afghanistan after the nato-led mission ends next year. and a major transit system for the san francisco bay area is running trains as usual after unions and management agreed to continue talks past a midnight deadline. the unions say they will go on strike on monday if they don't reach a deal on a new contract by the end of the weekend. and those are your news headlines from the fox business network. it is back now ashley. ashley: all right. thank you so much. well, the recent wild swings in the market is enough to scare anyone awake. brokers have the daunting task of trying to a market to the

toughest crowd of fall. there is a design plans to encourage the average generation to invest in the market. a managing director joins us now to explain all of this. welcome. >> reporter: thank you. ashley: we are talking about people born between 1984 and 1996. 17-29 year-old. would imagine it's tough to get this group who may not have a lot of money coming to invest in the stock market. >> in the course of looking in our business and how to make sure we are positioned for future growth we have been doing a lot of research. what we've found is they are risk averse. a recent survey found that 40 percent said that they think that the best way to save for retirement is through savings account. only 10 percent of that the stock market was a good way to save for retirement. ashley: why be adverse to the stock market?

>> that is my sense. the parents have goneethrough two major market corrections. they probably talk a lot or the kids feel it when the household budget is tightening. but the parents might not talk about when things are going great. that probably concerns of. ashley: i would imagine this age group, do they have a lot of money to invest? >> they do, especially when you look at what will happen with the generational migration trend . millenniums will be inheriting a great deal of money. in fact, that is almost 4 trillion. ashley: very good. what are you doing to try and get some of this business? >> two things. to a new technology that was launched by a team of brothers based out of louisville, kentucky. and they have always been building of great technology at

the intersection of social and trading. this new technology, believe it or not, looked set your entire social dialogue, chickens on facebook, tweets, everything they your say in social aa well as that of your network to expose the top companies that you and your friends are talking about. the idea goes back to peter lynch. half the companies and the products that your network is talking about to expose the companies, the publicly traded companies. ashley: it makes sense. is there some sort of university program? >> it is a new program. for many years we have been taking our sink or swim trading technology and been putting it in colleges and universities across the nation. it is a cost free solution that3 allows students to raise the gap between academia and reality. so they're learning concepts and

paper trading.then apply them in you give them hundred thousand dollars a play money or they can take the concept and put it into practice. ashley: very get. it must be difficult to make your case to these young people who are essentially hanging on to their money. >> i think so. %-now.s why we want to start they are still coming of the curve in will be graduating from school. when they start making money is our vision that they will reflect on the experience that they had a college as well as with new technologies and will select td ameritrade to do business. ashley: thank you for being here >> thank you. adam: this sounds like a horror movie. a hard to kill creatures that range from the deep causing real damage. no, it is not my lease iris. this problem is real. the jellyfish invasion coming to a store near you.

ashley: ashley: the government shut down coming up, we will hear directly from the state's governor and hell he was able to reopen national parks within its borders. ♪

ashley: time for stocks. of course as we do every 15 minutes. let's head back to the floor of the new york stock exchange. our very own nicole petallides keeping an eye on stocks hanging in there, nicole. >> yeah, adam and ashley, we're a few points off the high. the dow is up 91 points. worth noting the s&p 500 is doing well. the s&p on track for its first

three-day gain since mid september and shaking off the weak consumer sentiment number that was weaker than expected. according to the international energy agency this crisis we've been seeing in washington may affect demand for oil. futures are moving to the lowest levels since july. and our one week out, we're looking pretty good for one week. looks like we'll have a win being week to snap the losing streak we've been on. back to you. ashley: nicole, thank you so much. we'll be back in 15 minutes. adam: awe tau governor gary herbert is taking the government shutdown in his own hands. the republican governor struck a deal with the u.s. interior department to open utah national parks for $166,000 a day. governor herbert joins from us salt lake city. we're glad you're here. other governors are looking to this. this is important to utah's economy. $1.6 million that utah taxpayers will put out to keep several parks open for 10 days? >> 10 days. it is all about economic

development of. in the rural parts of utah in our southern locations where our five national parks are located we have a lot of people that rely on our tourism and travel that are generated out of these parks for their livelihood. this shut down put a crimp in their economic opportunity. so we acted. we, met with the secretary of interior and said look, let's find a way to do this. we have, took us three days, 24 hours, to put together the contract. we're open today for business people are coming. ashley: we're showing parks that are open, zion, capital reef, arches, capitol reef, bryce, great basin. $50,000 a day to operate the park. it costs at least the cost from the shutdown so far to the economy in utah has been $3.5 million. 72,000 visitors a day denied because of the shutdown. that hopefully will turn around. i was unaware that people were hitting the parks so heavily

this time of year. >> you know, again it is one of the secrets here in america but the people visit our national parks in utah are non-english speaking people. they're international visitors that planned vacations coming to america and will stop at our national parks in utah. so the impact is significant and for the rural people, the mom-and-pop shops, the restaurants, the bed and breakfasts, it is their live lie hood. it is not something if you lose october you can make it up in january. it is seasonal. adam: that's right. let me ask you because it is seasonal, do you think that this could set a precedent which congress, we have lost, we've lost the shot from salt lake city. my apologies for that because governor herbert has been a guest on fox business several types and, we've got you back. great. governor, let me ask you, could this set a precedent where congress or the federal government could say you know what? local states, national parks you

will foot the bill now. could this be a precedent you might not want going on much further into the future? >> well we talked about in utah about the ability for to us take over the management responsiblities. we take on the expense side. we keep the revenue side. there probably is a break even there. i think there's optimal, optimalization of what could be done with states having more management responsibilities. clearly it is our backyard. we know about these issues better than anybody. we would welcome that discussion. adam: out of curiosity, what are the numbers? what dot parks just in utah generate on an annual basis generate for the federal government. do you know that offhand. >> i don't know. it is being analyzed to see what is the cost. it is not just the parks, tourism and travel which we have a significant part of that as our economy but our natural resource development on public lands. a lot of people back east don't realize here in the west, i mountain west, a lot of the public land that we have here is about 70% of our land mass.

so it's a humongous amount of land that is controlled and operated by the federal government. we want to make sure that we get optimal benefit to america and to the people of utah in that management. so we ought to be a part of the discussion as far as how do we utilize the public lanns including the parks, that are located here within our borders. adam: governor herbert, we appreciate you being here. the parks are open, we should let everyone know for 10 days in utah. optimal benefit, not two words they use a lot in congress. >> we use them in utah a lot. adam: all the best to you, governor. >> thank you. >> just a temporary shutdown of the signal which is great. well, new york city marathon running into troubles, yeah, to the second year in a row. the government shutdown could cause the event organizers to change the starting lining if the shutdown continues. the november third event which more than 45 runners would participate -- 45,000.

it would are typically start at fort wadsworth on staten island. it is not clear where the official starting point would be. officials said it would remain somewhere on staten island. adam: the man on the lamb running from the nsa he will show you how to do it too. eccentric billionaire and antivirus software founder john mack fee joins us next. ashley: no telling where that conversation is headed. do not change the channel. stick with us. we'll be right back. ♪ [ male announcer ] ts is jowoods' first dayf work. and his new boss told him two things -- cook what you love, ansave your money. joe esn't know it yet, but he'll work his wayp from busser wter to chef before oning a restaurant specializing in fish and game om the great northwest. he'll stt investing early, he'll find some good people to helguide him, and 'll set money aside from his first day of work tois last, ich isn't rocket science. it's just common sense.

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and a 30-tablet fr trial. >> i'm dennis kneale with your fox "biz brief." what government shutdown? the u.s. navy awarding raytheon a $1.6 billion contract to design a next generation air and missile defense radar system. raytheon beat out lockheed martin and northrop grumman to build the new system. at&t says it will exit the online an mobile advertising network business. it had built the ad works addition to compete with companies like google placing mobile ads. the company is refocus business and will lay off an unspecified number of workers. >> consumer sentiment falling to the lowest levels since january. thomson reuters university of michigan reading dropping to 75.2 in october, down from 76.8 in september much, the third straight month of declining consumer sentiment.

that is the latest from fox biz, giving you the power to prosper.

adam: john mcafee is back after a series of legal scuffles abroad. the software guru is back in business here in the united states an on to his new project, a device that can prevent the nsa pro spying on you. john, welcome back to fox business. great to have you here. ashley webster joins me and we both want to talk with you about some things but first let's talk about the device. you talk about it that you carry it in your pocket. how does it protect me from unwarranted or unwanted intrusions of the federal government? >> the device basically turns your telephone into two devices. the, you're like iphone or your ipad or laptop computer, turns them into two devices. one is the typical and normal

internet device where you can access your email and do what you want. the other is you basically, there's a software app that you switch and suddenly you're in an area that can't be seen by anyone because you have no identification. you are, they moving local network and all of the communications are relayed around the world to the person that you're talking to. you might switch to your secret network or the private network, if you, you know, wanted to send and email to your girlfriend that included some juicy language, or if -- adam: nobody ever does that? >> nobody ever does that, but if someone does my device will help them do that. adam: before i have give it over to ashley when can we buy this. >> first prototype is in six months and i anticipate in six months after that will be ready for market.

adam: terrific. ashley: john, i read a quote for you, the developer of the first commercial antivirus program you are the most popular hacking target. you say hackers see you, hacking you as a badge of honor. how safe is this thing? is it always someone out there that can get around it? >> well this is, this is absolutely safe. i mean as long as you're in the private mode and you're not simultaneously, emailing some one else on the internet, then it is completely safe because there is nothing that identifies you. if, for example, you wake up in the morning and heard a new song, i don't know what your favorite singer is, and you type it in, i would like to listen to that. as you walk around in the morning you will be passing other people that have the same device and they have their public and private areas. and that, their device will say i have the song here. you can have it. there is no record of that. you don't even know where you got the song from. the person that gave you the song has no clue they gave you the song. you put files whether music or books or any information you

want. maybe some news that you read in the newspaper that interests you in the public area. and that's just -- yes, sir? ashley: i want -- adam: i want to break from the discussion about the security stuff because it is still, we'll get that from you in about a year. we look forward to it but you made millions of dollars for lots of people.3 maybe you can do that again right now. talk about microsoft. any predictions on who should be in charge of that company? if you were in charge what would you do to that company? >> well, you know the readers of tech week euro voted me the person they would like to see run microsoft. i thought that was laughable of course. i would be bored silly. i would beat out bill gates by 5%age points. but i don't think microsoft in all seriousness will come to me to ask me to lead the company. i would fire much of the people. i really would. microsoft like, many large companies, like cgi that designed the obamacare package,

they become ossified. they're top-heavy. they no longer can move quickly or think clearly. so microsoft needs, need as shaking up. adam: who could do that though? elon musk, at all things d criticized silicon valley, saying you guys are great creating stuff to make money, you're creating the same thing over and over again. who could innovate and create a microsoft that would be lot stronger than trading at 31 bucks a share now? >> i think it needs someone who is totally outside the box. i ean if you are connected with the mind-set that has been created in these larger companies, then there is nothing you can do. i mean you can maybe massage it a little. you can polish it a little but we need some new blood. we need young people, number one. i'm too old. that is the main reason i wouldn't want to run microsoft. and we need free thinkers. we need people that aren't afraid. the problem with, with business these days in america that we

are afraid that our stockholders are going to thrash us. if we do something that's sacrifices the short term for the long term. we need brave people. we need creative people. we need young people. ashley: that is interesting, john. would you be able to done what you did with mcafee now as opposed to when you began the company? do you think the environment is that much different? >> i think the environment is quite different but i could have done the same thing. think of myself as 20. i don't look like it. but i feel and think like a 20-year-old. it is fairly obvious from news headlines in the past few years i'm a little bit outside the box. i don't particularly care what people think. but we really do need, we need creativity and need new blood and need courage and strength -@and clear thinking. >> last question for you as we wrap up. i know you talked to neil cavuto about obamacare and several different computer systems that are having these different exchanges. what advice would you give to

the administration to try and fix this? >> well, i think that they should think outside the box and instead of continuing to work with the same company that created this travesty which is cgi, you know, there are industry leaders in this world, many of them in this country that could fix this debacle. really, $600 million, 100 million which is software, that is unheard of. that is outrageous. get a team of 10 very bright programmers and a good manager and redesign and redo the whole thing t will be ready in six months at a cost of five million dollars. but as it stands now the architecture will not support what they're trying to do. it can not. adam: john mcafee, we'll stop there. i would tell you i think i would join the people who think you should be in charge of microsoft. thank you for joining us. >> thank you very much. you flatter me, sir. ashley: from mr. mcafee to thousands of jellyfish taking down one of the world's largest reactors but now a plan to stop

them could actually do more harm than good. adam: jellyfish expert rebecca helm joins us next on why this really is a serious situation and it is happening right now. ♪ it's a growing trend in busiss: do more with less with less energy. hp is helping ups do just that. soon, the world's st intelligent servers, designed by hp, will give ups over twice the perrmance

using forty percent less energy. multiply that across over a thsand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind.

ashley: beware of the jelly apocalypse. swarms of jellyfish are wreaking havoc among businesses around the world. sound like a b movie, doesn't it? just last week the world's largest boiling water reactor was shut down to due to swarms of jellyfish clogging the intake pipes. as a result, south korean scientists plan to sled them but our next guest says that is maybe not such a good idea. it could be disasterous.

which have rebecca helm, brown university graduate student. rebecca, thank you so much. i was reading, you go on the internet and do research on jellyfish. i found this line. jellyfish are remarkably resilient. efficient breeders, voracious feeders and require little oxygen to survive. like a nightmare out of the movie alien. what is going on with the jellyfish? are they expanding by tremendous numbers or is this just a cycle we're seeing? >> that's a great question. what we know so far is that someplaces are being hit by increased jelly numbers but as far as we can tell there isn't a global increase in jellies. so it is certain areas of the world where we're seeing large impacts due to jellies interfering with power plants or clogging nets and fisheries or killing fish stock. they're localized and usually caused by different factors. ashley: all right, before we get to that, shredding them as peer

the koreans may not be the best idea. why is that? >> yeah, that is a very interesting proposal they have come up with but many jellies hold eggs and sperm in their -@bodies and release them into e ocean. when you cut up thousands of jellyfish every hour, you're artificially releasing all of those eggs and sperm into the water, and you could get thousands more jellies the following year than what you had to deal with the year that you shredded everyone. ashley: this is like a video game, isn't it? chinese understand, rebecca. they like to eat jellyfish. not all the jellyfish, because some are obviously poisonous. is that perhaps an option? >> absolutely. in fact the chinese jelly fishery will seed wild jellyfish stocks up to 300 million juvenile jellyfish every year to increase the yield. so if we can move those fisheries to areas where jellies are a problem that is potential solution to this whole jellyfish nightmare some people are

experiencing. ashley: what is to stop them based on the description of these creatures, if you like? how can we stop them? >> i think thateally, at this point it is more about being able to predict when and where they occur because they're very, very difficult to stop. and from an economic perspective, it is not really feasible to try and stop them, rather we eed to know when and where they will be an plan around them. ashhey: wow. interesting stuff. rebecca, we're already out of time. thank you so much for joining us. >> thank you so much for having me. adam: kind of like teenagers. need to know when and where they will be. ashley: plan accordingly. adam: in the next hour we'll see, we're wondering if we'll see progress on the government shutdown stalemate. they're set to work through the weekend but still no deal in sight. ashley: talk about waste? we'll tell you the reason behind the united states postal service destroying these newly-made stamps. stick around.

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adam: it is 2:00. i'm adam shapiro. ashley: i'm ashley webster. well, markets adding to the gains of their best day of the year yesterday. while everybody's working for the weekend lawmakers in washington will be working through the weekend trying to hammer out a deal. byron york will be joining with us up sight to the gop strategy and why he is warning that talks could easily fall apart. adam: shutdown and shut out. trying to get into a life-saving clinical drug trial. forget it. we'll talk about the impact of the fda being closed with a accord today therapeutics ceo ron cohen in an he can exclusive. ashley: to and threw, why the netflix emmy-award-winning show, "house of cards" will fold after two season. >> time to check stocks with nicole petallides on the floor of the new york stock exchange. major averages are accually building on some gains, aren't they? >> couple of points away from

the session highs on the dow jones industrials. so yes, they absolutely are. nasdaq up 3:00 quarters of a percent and, s&p 500, 1701. you notice that? 1701. the s&p 500 is hovering around one-month highs. we should note since the government shutdown october 1st the markets are actually to the upside. also a big deal worth noting. we got in some consumer sentiment numbers weaker than expected however it doesn't seem to bother the markets overall. as i noted we're on track for notable gains. for the week, names up more than 2% on the dow. proctor & gamble, wal-mart, johnson & johnson, united technologies and goldman sachs. good week for them. back to you. ashley: indeed. nicole, thank you so much. lawmakers are inching closer to a public deal over raising the debt ceiling after senate republicans met with president obama earlier today. rich edson, done a great job

keeping up on alllof this. he is down on capitol with the very latest on this. >> ashley, you look at the house floor, senate floor, as well, they're in a bit after holding pattern to see if negotiations between the house republicans and white house produced anything. house negotiators were at the white house last evening talk with white house staff. house gop gaven a framework and not really a firm offer. they have given that to the white house to hear their thoughts on that. that is the first track that folks looking at in d.c. trying to perhaps think that might be a way forward on any type of debt deal. meanwhile senate republicans just left the white house. they said it was fairly in some respects disappointing meeting. they didn't really solve anything. the president wants revenue increases as part of any deal. meanwhile there is another plan or proposal in the u.s. senate pushed by senator susan collins. this is what she is floating out there. she is trying to get a number of democrats on board.

this basically would fund the government for a year. it would have a short-term debt ceiling increase but repeal the medical device tax and also, put a antifraud verification in for obamacare credits. that is something that senator collins and a number of other republicans are pushing in the u.s. senate right now trying to get democrats on board. senator collins leaving the meeting in the white house, didn't sound like the president was all that thrilled with the offer. @here are a number of different tracks. house republicans in white house negotiations. you have discussions in the senate. catch fire if either of them do but at least they're talking. this is the level it seems the last 24 hours after the republicans put out the temporary proposal to temporarily raise the debt ceiling for about six weeks or so, that that really started the negotiations here in d.c. that isswhere we are, just waiting for some type of a breakthrough yet to come. >> you're on it as always. rich edson, thank you. adam: so the white house has now heard proposals from both senate and house republicans.

will there be a breakthrough over the weekend? we want to bring in the washington exam i amer's chief political correspondent and fox news contributor byron york. thank you for joining us. you have pointed out, or other columnists as well, that heritage action has said they would not hold it against a republican who voted for a clean debt ceiling increase. how important is that? >> well it's a pretty big deal because it is orthodoxy in the republican party to not vote to increase the debt limit unless that deal is accompanied by some sort of spending cuts or other fiscal responsibility measures. so for the house to offer a clean debt limit increase, even if it is just for six weeks, requires them basically to go back on everything they have ever said about raising the debt limit. what happened was, i think, as you mentioned, heritage action, one of the very conservative activist groups that is playing a role in this, essentially told the house, we'll give you a pass on this one. we won't hold it against you if you do it. the reason heritage action wants

to do that so they can keep up the fight for defunding or in some other way limiting obamacare. so there are some different agendas going back and forth because a lot of people in the house and senate who would like to solve both of these problems, the debt limit, plus the time. adam: seems if we have, believe it or not an opportunity right now. i don't know if it should bring back a bowles-simpson or the grand bargain that john boehner and the president failed to deliver not too long ago. we have the opportunity to maybe address the big issues. is anybody talking about that or are we looking shortsighted, just one year forward? >> well they are. the republicans are thinking about a couple of tracks of negotiations. one, if they did agree to raise the debt ceiling, they would want to see negotiations, a, on the future of the debt ceiling and maybe long term entitlement reforms to deal with long-term debt, and b, negotiations about

spending for 2014 which is basically what led to the shutdown. they would want to see both of those but we don't know if the president is going to agree to that at all. he has said a whole lot of times leading up to this that he wants the government to be opened and the debt limit increased before he sits down and talks. well it appears the republicans have caved on that debt limit thing. they're about to offer just a clean debt limit increase but they sttll say they want some results, before they open the government up. adam: so two questions, this is a two-part question. first, are we witnessing a fight within the republican party between the very conservative tea party members and the more mainstream members of the republican party? the sscond part is, could the president realistically deliver entitlement reform? or would the left ink wing of the democratic party say, no way and just stop that in its tracks? >> well, the first thing we are really looking at a fight within the republican party. believe me there are people in the ouse, republicans who

didn't want any of this to happen. they would have been happy to sign some sort of a continuing resolution that kept the government open. so there have been divisions in the house republican conference all along. as far as entitlement reform is concerned, the president actually signed on to a few smaller things, what everybody adjustments in some of the entitlement programs and i think what you'd see is the senate and house republicans go to the president with the things that he already has endorsed and see if he would agree to them. adam: as i wrap up with you, byron, i keep hearing analysts come on the fox business network saying this will absolutely, there will not be a default. there will not be a problem. there will be a deal. but when you lay it out in the terms of the split within the republicans and the inability of the president to get real kind of entitlement reform that everyone has talked in of the pa that we truly need, seems to me in six weeks, if that is the debt ceiling raise we're moving

to, that in six weeks we then are right back here with no hope in sight. >> i have to tell you, i did not think there was going to be a shutdown so take this with a grain of salt. it does appear, john boehner, speaker of the house, really, really does not want to blow through a debt ceiling, does not want default of any sort and he would be willing to a pass a debt ceiling increase with democratic votes if he had to. so, my sense is, it will not happen simply because boehner has decided that he will not be a part of blowing through a debt limit. adam: byron york of the "washington examiner", thanks for joining us on markets now. >> thank you. >> two of the nation's banking giants out with third quarter earnings today. wells fargo posting a record profit but a steep drop in mort applications and legal woes weighing on jpmorgan. the bank reporting its first quarterly loss under ceo jamie dimon. here to dig deeper into the

reports, stearn agee analyst. tom, i hope you can hear me. we'll plow on regardless. >> no problem. ashley: what was your takeaway? revenue down, those litigation costs into the billions seem to be up. >> right, certainly the headline today was the big legal charge they took, a very hefty 9.3 billion. that being said, the fact that the legal is really weighed on the stock for the past several weeks if you will i think investors walk away postively from this is the fact that they disclosed they have a $23 billion reserve and it seems like while difficult to call the inflection point in terms of the legal liabilities that they have it is giving investors comfort they're setting up a nice platform for much higher earnings going into 14 and 15 relative to where we are today. so i think that is kind of the positive reaction we're seeing a little bit today in the stock, that has taken a the billion dollars charge. that is not chump change --

$9 billion. ashley: is there anymore litigation out there? they can't seem to get out from under the microscope and isn't this taking away from the business it is meant to be doing? >> i would argue if you really, look through the umbers this quarter, the fact that the company was able to absorb a $9 billion hit in the quarter if you will and the fact that, you know, you're still seeing ongoing improvement in terms of the underlying business, the tremendous earnings power that those businesses show and the fact that they're still, you know, speaking postively about the prospect for returning capital to shareholders next year, i think you know, at the end of the day, while the legal expenses and legal liability is not going away by any means, i think you can take comfort in the fact that you have a $23 billion nest egg sitting there which should hopefully absorb a fair amount of the liabilities that they are aware of today. ashley: all right. let's turn to wells fargo. obviously mortgage industry is

huge to this bank. what is your takeaway from their report? >> yeah. you know, similar to jpmorgan. the mortgage banking is really getting hit hard, this particular quarter. we'll see this theme throughout the course of the bank earnings, over the course of the next couple weeks for sure. that being said, while the, the mortgage was down meaningfully at wells which is quite reliant on the revenue stream as you mentioned, you have to, you know, take, you know, acknowledge the fact that many of their core businesses did quite well in terms of they continue to grow loans. they continue to grow deposits. you know, their spread income is holding up reasonably well and you know, at the end of the day this company is still one of the most profitable companies out there, even taking away from how their performance in the mortgage banking unit. ashley: right the quickly, todd, next week bank of america, citigroup, morgan stanley, goldman sachs, what are you

expecting? >> it's going to be a very tough road next week, that's for sure. not only do we have the weakness in the mortgage that we know is going to, you know, translate through the numbers, but you're not going to see theestrength in capital markets, investment banking from those, from particularly citigroup and bank of america that you saw today with jpmorgan. but nonetheless a very tough road next week for everybody. ashley: we'll be following every step of the way. todd, of stearn agee, glad you could hear us and we could hear you. thank you very much. >> thank you. ashley: adam: off the hook. toyota wins big in sudden unintended acceleration court case. the impact on future cases for all the automakers. ashley: as we do at this time every day, look how oil is trading today down to a weekly loss, down to 101.57 a barrel. international energy agency warns the u.s. fiscal crisis

could hurt demand. a warning that the eia will stop reporting data after today ironically because of the shutdown. we'll be right back. my mantra?

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ashley: it is quarter past the hour. time to check these markets. nicole petallides as always on the floor of the new york stock exchange, keeping tabs on every movement. nicole, looking at two stocks getting a boost from analyst upgrade today. >> that's right. we don't miss a trick. we have to look at some of the names looking at safeway and chipolte doing so well. safeway up 7%. we should talk about third quarter sales, identical sales numbers, that was good news there. here is another big news pertaining to safeway, the dominic's chain in chicago has been a noticeable drag. they say they are shutting chicago, leaving the chicago market by early next year an continuing to narrow their focus. meantime, all the analysts jumping on board raising they're targets. stock at a 52-week high. there is chipolte doing so well, janney raising it to a buy. fair value target of 525.

they also not only like the near term sales potential they're seeing but also the fact that chipolte has the breakfast menu potential. we'll see whether or not they expand upon that in the coming months. back to you. ashley: custom-made burritos. that is all i will say. nicole, thanks very much. we'll be back with you at the bottom of the hour. adam: a jury found toyota motor corporation not liable for the death after woman when her camry apparently accelerated and crashed despite her efforts to stop. the outcome could impact future cases toyota faces. jo ling kent is here with the latest on this. and, jo, after five days of deliberation the jury cleared toyota's name, right? >> that's right they cleared their name in the wrongful death suit. toyota is calling victory a bellwether case for what they hope is to come. the asked in 2009 killed, 66-year-old now rico uno after her camry was hit by a elderly driver who ran a stop sign.

uno's family was seeking $20 million of damages arguing that toyota could have prevented the crash installing a break override system found in other vehicles. toyota defended its vehicles after the verdict came out saying we believe this verdict sets a significance benchmark by helping to confirm toyota vehicles are safe with or without brake override, unquote. they believe the, tolling the press we were telling how the brakes could fail without a brake override system. we found chinks in toyota's armor. i think the next case will be a winner. there are many cases ahead for toyota. they face 80 similar lawsuits filed in state court including a case that began in oklahoma this week. adam. adam: jo ling kent, thank you very much. >> sure. adam: consumer confidence at 2008 levels means no retail therapy after that. the shutdown and looks like

lumps of coal for retailers this holiday season. ashley: you may not like this facebook like this, period. facebook removing another privacy setting. it is coming up in our tech minute. first look how the dollar is moving right now. it is kind of a mixed picture. the euro moving higher. the pound under 160 light to you. we'll be right back. it's arowing trend in business:

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>> at 23 minutes past the hour i'm arthel neville with your fox news minute. a senior u.s. official has confirmed that the air force is firing the two-star general in charge of all of its nuclear missiles. major general michael carey is being removed for what is called loss of trust and confidence in his leadership. the exact reason was not immediately clear. despite the government shutdown some national parks could soon reopen. the obama administration says it will allow states to use their own money to reopen them. utah will pay more than $1.5 million to open its parks and monuments for the next 10 days. they could be fully open by tomorrow. in sports the detroit tigers will face the boston red sox in the american league championship series after eliminating the oakland athletics last night. the national league championship

between st. louis and los angeles begins tonight. those are the news headlines on the fox business network. get you back to adam. adam: arthel, i would love to talk baseball but the first story about the loss of trusted in confidence of general in charges of nuclear missiles is worrisome. i think i will say thank you anyway. >> you're you're welcome. adam: see you later. the shutdown is causing big problems for the economy, retail taking a big hit with consumer confidence at its lowest level since the lehman crisis in 2008. what is the outlook seriously, the outlook for retail sales? for more on this we are joined by marshal cohen, chief industrial analyst at the npd group. we'll charge with the fact that the national retail federation was very optimistic, 3.9% growth for the holiday but they actually said a prolonged government shutdown would have a negative impact and this is many abouting a prolonged government shutdown. can anyone say how big of an impact? >> hard to judge just yet. the real key will be the debt

crisis. if that ceiling, if it happens and interest rates start to rise, that is when consumers will really start to pull back. but in the interim, the amount of consumers who haven't received a paycheck even though most are furloughed and will get paid, the key they're starting stopping to spend on impulse items. as we get close to holiday impulse play as huge role. on average 2% of all holiday purchases come from impulse. in other words i might get awe sweater for holiday, wow, what a great deal. i will buy one for myself too. that impulse drives growth for holiday. adam: impulse explains why people have some tacky sweaters with reindeer that they return, 27% is impulse. get back to the nature i think consumer sentiment has fallen three months in a row. that will start showing up in the sales figures. what are we expecting? i mean just the consumer already pulled back. how much more than they pull back? >> they will not pull back that much more.

we're buying mostly on necessities and remen meshment. -- replenishment. basically we're buying what we need. unless there is a great deal that will incentivize consumers to spend on additional items. we're seeing the consumer pull back. keep in mind the consumer is driving economy ever since the recession kicked in and we got into recovery mode. now the government is making it harder for us to get into that mind set. adam: we got numbers from the federal reserve on use of credit and revolving credit card use is retracting that would be troubling as we head into the holiday season. >> as we look and raid the tea leaves we're beginning to see all starting, what we call distractions are percolating all at wrong time. this government shutdown couldn't happen at any worse time. we've seen this movie before. we went right into holiday last year with a budget crisis. it took until right after the holiday to actually get a resolution or the bandaid taken care of. so we're up against the same kind of issues that we had last

year, but this year it's a little bit bigger and a little bit more conscious in the consumer's mind. adam: let me ask a question from the standpoint of an investor who might decide choosing macy's's or other consumer stocks. we're going into a shortened holiday season. black friday, is it going to be the entire month essentially? will we have so many discounts there will be no earnings for the retailers? their margins will be society? -@>> there's good news. the good news is that several of the retailers are prepared for this. this is what i call forward, basically forward black friday and what that means is, it is going to be earlier as well as later. and what i'm really trying to tell you is that look for the black friday deals to start well before black friday, well before thanksgiving day, even before tuesday. look for some retailers to offer them on the weekend before. adam: let me ask you. we've seen wal-mart has actually cut some of their orders. they're trying to cut their inventories. that seems like they're behind the eight ball and they're the

biggest retailer out there. >> retailers are prepared for this and what they're really doing they recognize that it is really going to take the deal to get the consumer to buy during holiday time so they have recognized that they have to not only compete with other retailers but also online. online is a threat over the last few years to the traditional retailers. so they're very competitive. there is a lot of built-in opportunity and margin there for retail years let me wrap up on this. i will go from the assumption we do get a debt ceiling increase and the checks can go out to senior citizens and all the other people who need those fund but when you look at retail who are going to be the big winners from, of the brick-and-mortar traditional retailers driving customers to their websites? >> what i'm looking at are retailers who are prepared to really drive the consumer to online and in stores. adam: wal-mart, macy's? >> look for jcpenney, look for macy's, wal-mart all to be very aggressive to get consumers to engage and engauge early for

holiday and then even afterr3 thanksgiving look for the traditional lull to be filled with plenty of deals. adam: marshall, thank you for joining us. ashley, throw it back to you. ashley: thank you, shut down and shut out. clinical drug trials are feeling the impact of the government shutdown. coming up next my exclusive interview of acorda therapeutiis. an early south dakota blizzard are leaving ranchers out in he cold with many prepared to lose their entile cattle herd. jeff flock with the impact on investors. as we head to break, look at winners and losers on the s&p. [ male announcer ] how do you get your boce?

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a a look at the dow, nicole petallides at stock exchange. the dow and s&p on track to end the week high chair, that sounds good. >> snapped a losing streak we have been seeing, it shows the market has a lot of resiliency despite a partial government shutdown that has everyone worried. not worry enough that the are selling off some of the dow is up right now, of 93 points. and taking a look here at suntrust, and suntrust is up 1/4% a $1 billion for federal obligations of mortgage violations,.2, this is mortgage related cases with government

agencies and the company itself is of relief to actually have this uncertainty that played the company, this is what they're paying and move on so we seeing stock moved to the upside. ashley: thank you very much. no new drugs, that could happen if this government shhtdown drags on. with the fda staff furloughed, clinical trials, all are in jeopardy. joining me for an exclusive interview, the president and ceo dr. ron cohen, thank you for being here. this is one of these situations, and someone like yourself. and this is a big impact. will that explain how? >> we develop innovative drugs, a pill that allows people with multiple sclerosis to what

better. and take us 15 years to do that. a fully functioning at the. and they are not except the core applications for drug approvals. all the people with cancers and multiple sclerosis, heart disease, new medications are going to have to wait much longer. ashley: you say if they get their act together and get this moving it is manageable. and create a little bit of a back log. we are trying to get the same drug into the clinic to look at other conditions. and to come to agreements, to the extent they postpone these -pmeetings or don't have staff hold them, we are on hold and cannot begin our clinical

trials. ashley: any drugs need to be in this process? >> that is one of them for people who have strokes. ashley: that is insane. is there a point here if they can get this done in the next two or three daas it will be ok but if it goes on another week or longer that is when you start to worry? >> the longer it goes out it is worse than that. much of the innovation is taking place at these small startup companies. we have 10 to 15 years. there is uncertainty in the process and investoos away and companies don't survive and the drugs never make it to market. ashley: that is why we are talking about it today. when you talk about this fda process it is incredibly laboriously some would argue it needs to be because you need to

make sure these drugs are safe. don't know if you can do that. should these new medicines come to market faster? >> they should. the good news is the fda has recognized that. until very recently it is absolutely the case the process was terribly laborious more so than it needed to be but the fda has streamlined a lot of processes and have a new system called breakthrough drugs, another one called accelerated approval where they take the most promising drugs save for cancers or neurological disease and give them special consideration so you can get them to market faster and then the companies who make them have to commit to studying them further after they get to market so that if the initial promise doesn't turn out than they must come off of the market but at least it gets people the drugs quickly with reasonable assurance of safety and efficacy. ashley: that is a step forward. we wish you the best of luck and hopefully you get this shutdown shutdown so people can benefit. >> let's hope so.

ashley: thank you for being here. there is a good chance you didn't know this happened but ranchers in the plains states are dealing with a record-setting snowstorm that hit late last week and over the weekend. jeff flock joins us from chicago to talk about why the storm is having a big impact on the cattle business. >> and feeder cattle and l that are up, to a record high. take a look at the past five years of feeder cattle, take a look at that, 35 year chart. and in the 90s we had feeder cattle. and up perfect form of events.

and we could go, 30 or 60, they're still buried in snow, really takes a bite of out of the herd out there and by the way, live cattle, put the latest prices which are up again. the cattle herd at ts lowest level, smallest cattle herd in the u.s. since the tion of harr in 1952. feeder cattle versus live cattle, feeders of the ones between cavs and slaughter. maybeeyou ought to call them dead cattle but they are called live cattle. we have a lot of dead cattle in south dakota and that was a real problem out there, not only get rid of them, and support for is that. and you call them up in washington and they say sorry. not a good time. ashley: not indeed.

jeff flock, said details. ui thinking stick right now. >> i was also thinking how frustrating it must be not only for farmers but small-business owners and all kinds of people, and stamp of approval, and mother nature can deal you. and helping nation's schools. coming up in the tech minute taking a page from a professional playbook how the duke men bbsketball team hopes to score big this season and as we do every day at this time listen to what is happening with ten and 30 year treasuries. [ male announcer ] once, there was a man who found a magic sshell. it told him what was haeng on the tradg floor

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>> i am david asman with your fox business brief. eric rosen grants is defending the fed's decision not to taper. continuing $85 monthly asset purchase program. communicate with markets. and there's a defense contractor decide next generation area missile defense radar systems.

baby out lockheed martin and northrop grumman to build the new radar system. in england share the royal mail, the british postal service surged 40% of first day of trading in the london stock exchange. a controversial idea argued shares were priced too cheaply. the british government will retain a 38% stake in royal mail. that is the latest from the fox business network giving you the power to prosper.

sec public-school budgets, across the budget and taken to the internet, to get students, and the double lot of cash for basic things like peer, pens and

notebooks. according to the national schools of lady could association, teachers and $1,000 per year of their own money on put classroom supplies and now strangers are shelling out generations through a crowd funding website designed specifically for teachers, donorsjus'.org. a nonprofit organization started by a former new york city teacher who created the website where teachers post wish lists called project. in to get the ball rolling that anonymous the donated to the project which quickly created a buzz among teachers. take a listen. >> we consolidate that project before posting to the public site and one project is funded we cannot get -- we fulfilled the project. a field trip and the bus company directly. and drop shipped to the

classroom. >> and donorschoose.org has raised $200 million, it's a market across frommmix of private donors and corporate sponsorship. cities across the country are recognizing the need for is launching the philadelphia education supply center. good story to report today. >> teachers do need some help. thank you very much. time for your tech minnte. and the social media website announced it is getting rid of the privacy feature. and users can find what is in the search bar. facebook at 1 quintin to billion users only a single digit percentagewise reusing that. through and through, house of cards, netflix will come to an end at the end of the second season. kevin spacey and robin wright like doing movies. not many details have been

released but jodie foster is set to be involved in at least one of the episode. duke men's basketball will take a page from the professional flavor. the blue devils will use the same player packing system the nba uses. and was 25 times person and, gordon is for every player on the floor, couldn't get away with anything along with coordinates of the ball itself creating vast amounts of data. that will be in place beginning with the first game of the season nov. eighth. we should note the stack is don't buy twenty-fifth century fox, parent company of fox business. adam: we want to head back to the stock exchange. jonathan joining s, and adding to yesterday's gains. janet yellen, something else? >> it is all about washington. it is the talk of the potential deal. that is what investors are focusing on. we can't lose sight of the other

headline. economic calendar quarter in season next week. and the big bold headline is the two parties are standing away from each other. that lean, that something is going to happen. ashley: adam: as i sit here and don't get to do what you do, why are investors driving a jpmorgan chase given it will contract revenue with legal problems, said $23 billion just to cover the regulatory issues and $9 billion for illegal dishes, why is that going up? >> i will answer that in a broader sense. told industry, the financial industry has been beaten down over the last four years and investors are starting to feel more confident investing in this sector because regulation rules are tighter and the ability for them to continually make money

will be there. >> that is why you were investing and ask questions are valuable. things to look at. adam: cable consolidation, dennis kneale joining us with moves made by the british media and john malone. newsstands need to be destroyed because of the message they send. we will explain those next. let's look at winners and losers. it's a growing trend in business:

do more with less wi less energy.hp is lp. soon, the world's st intelligent servers, do more with less wi less energy.hp is lp. designedy hp, will give ups over twice t perrmance, using forty percent less energy. multiply that acss over a thousand locations, and they'll provide the same net to the environment over 6000 trees. that's a trend we can all get behind.

adam: the billionaire cable cobbler ride again, john malone of flurry of move this week as he pushes for consolidation of

the cable business. and keep riding on this. john malone legendary for deal making in the cable business. and a week with bated breath what malone might do next, liberty stock jumping on news that malone is raising $1 billion in cash as he pushes for a new takeover wave in the cattle business he helped create. this company stock is up 35% in the past year and liberty is raising half a billion dollars selling cereus x m stock back to the satellite radio company. it may be the deal of the century. he picked up a 40% stake in a few years ago, purchased $14,000. when sirius was left for dead when no one else would, in alma--is out only part of that. and hold on to 52% of syria.

classic loan. and six million not liberty shares. for the past 20 years. where does the world go from here. it is still more consolidation, the likely trojan horse, charter communicctions, and some expect you started to try deal with time warner cable maybe tw see's neighbor cablevision systems. that could end up having time warner cable try to buy cablevision because their systems are so close together. one thing for sure, john malone is 72 years old but this callie is not riding in to the sun set yet. adam: -- ashley: that means higher cable bills at the end of the day. dennis: why is that? the most consolidation? what allows consolidation to cut

costs and they could end of lowering costs to get more user fees? ashley: never happen. >> still the broadcasters. >> and you are covered. >> the stuff they're fighting over -- >> thank you. talk aboot a waste of money. cash strapped postal service is going to destroy thousands of staffs because of safety concerns. and the importance of physical activity in achieving a healthy life style. the killer staffs received several concerns from the president's council on fitness, sports and nutrition of bid alleged unsafe acts inflicted on defuse staff like watching miley cyrus at an awards show. without a helmet, person of thought. the postal service decided destroy the stamps. they're on the side right now. we rode bikes without helmets. maybe this is a good idea

because look where we are. should have worn the helmets. down to political correctness. >> what has happened to us? >> the title of your next book. the postal service has money to burn any way. ashley: on that note on "countdown to the closing bell" the world of the market's watching while congress agreed to a deal before the weekend and what sticking points remain in the latest counteroffer with a two budget committee members, who is going to blink first and what happens next week if we go over the cliff? and default? stick around.

♪ adam: hello, everyone. it is the last hour of trading on this friday, and you might call it a clean sweep foo a

second day in a row. the major indices are up adding to the first day of gains, one of wall street's best day since early january. this after the assertion -- the associated press reported that house republicans are offering to pass legislation to avoid a default and in the government shut down. we are going to have a live report on the political drama and washington in just a moment. get up your score cards. of those today the market looking at the bank stocks also in focus, especially j.p. morgan reporting a quarterly loss largely because of massive legal bills dde to the various government investigations but excluding that the onetime items . take a look at shares of j.p. morgan down. at least it is moving higher, but wells fargo benefited from stories. reportiig a 13% jump in third quarter profit. the stock is down